Do you want to follow the legendary billionaire Jim Simons’ top 5 stock picks? Great! We are here to present with you a short summarize, but if you want to skip our brief foretaste, please click and jump to see the entire original article about billionaire Jim Simon’s top 5 stock picks. James Harris Simons is an award-winning mathematician, American billionaire, and hedge fund manager. He established Renaissance Technologies as early as in 1982. The company is headquartered in New York, and at the end of 2020, it had a respectable worth of $165 billion discretionary assets under management and over $92 billion in managed 13F securities. Simons is a quant investor who uses statistical analysts and mathematical models to project to analyze stock movements and forecast the market.
And now without a further ado, let’s check out what Insider Monkey has investigated us regarding to Jim Simons’ favorite stock picks. Bristol-Myers Squibb Company ranks fifth on his list with a total value of $1,146,353,000 and 131 long hedge fund holders. The company means 1.24% in Simons’ 13F portfolio. Bristol-Myers Squibb is located in New York, and is among the leader biopharmaceutical companies across the globe. It develops and trades treatments for wide range of diseases, such as viruses, cancer, HIV heart and autoimmune diseases. It offers a dividend yield of more than 3%, and its stock prices grew around 4% during the past year. The largest stakeholder is Warren Buffett’s Berkshire Hathaway with owning 2.4 million shares in the company. VeriSign, Inc. stands on the fourth spot with a total value of $1,238,140,000 and 47 long hedge fund holders. The company means 1.34% in Simons’ 13F portfolio. VeriSign, Inc is located in Virginia, and is involved in DDoS protection, domain registry services just to name a few. In the end of December 2020, VeriSign reported $1.38 of EPS, $0.9 more than the consensus projected. The largest stakeholder is Warren Buffett’s Berkshire Hathaway with owning 12.82 million shares at a value of $2.7 billion in the company. VeriSign is followed by Baidu Inc. with a total value of $1,857,472,000 and 51 long hedge fund holders. The company means 2.1% in Simons’ 13F portfolio. Baidu is a Chinese internet mammoth company that provides ads products, search engine, games, news platform among others.
